Overview
Though TRID has been a part of the compliance landscape for nearly a decade, its complexity makes it one of the most commonly cited violations year after year. To achieve compliance with TRID’s string of guidelines and numerous amendments throughout the years, you need more than a cursory overview.
The Truth in Lending/Real Estate Settlement Procedures Integrated Disclosures (TRID) requirements are a string of guidelines dictating what information lenders need to share with borrowers and when they must provide it. TRID rules also regulate what fees lenders can charge and how these fees can change as the mortgage matures.
Topics
- General Rules
- Predisclosure Activity
- Loan Estimate - Line-by-Line
- Shopping Disclosure
- Tolerance
- Revised Disclosures
- LE
- CD
- Waiver of Waiting Period
- Projected Payments
- Costs at Closing
- Calculating Cash to Close
- Confirm Receipt
- Closing Disclosure – Line-by-Line
- Calculating Cash to Close
- Summaries of Transactions
- TRID for Construction Loans
Why
This seminar examines the intricacies of the TRID rules and highlights various tripwires to avoid at your institution. You’ll come away with a comprehensive understanding of TRID, the Loan Estimate (LE), and the Closing Disclosure (CD) and receive a detailed manual that can serve as a handbook long after you’ve completed the series.
Speaker
Kimberly Boatwright has more than two decades of experience working in the financial services industry. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in fair lending, anti-money laundering, OFAC and consumer compliance. She has worked for and consulted with all types of financial institutions during her career, helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer and author on compliance and risk management topics. Boatwright is a Certified Regulatory Compliance Manager, Certified Anti-Money Laundering Specialist and a Fair Lending Expert.
Continuing Education
This seminar has been submitted for American Bankers Association (ABA) Professional Certifications and continuing professional education on the National Registry (CPE).
Dietary Restrictions and Disabilities
If you have any dietary restrictions or any disabilities that require special assistance, contact MBA at 573-636-8151 and explain how we may best accommodate your needs.
For More Information
Contact the MBA Education Department at 573-636-8151 or email.
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